Fannie Mae Action Causes Immediate Mortgage Rate Relief

According to the Wall Street Journal this morning, the spread on “agency backed” mortgage bonds dropped nearly half a point. That’s a huge movement for one day, and should reflect fairly quickly in the rates charged for loans.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s